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A company recently implemented a training program to improve employee skills. Which approach should HR take to assess the success of the program in terms of its economic value?a.Consider only the program's costs, as benefits are difficult to quantify.b.Focus on the number of employees who participated in the program.c.Analyze the program's effectiveness by evaluating whether it achieved its objectives and delivered economic value.d.Measure the program's success solely based on employee feedback.Clear my choice

Question

A company recently implemented a training program to improve employee skills. Which approach should HR take to assess the success of the program in terms of its economic value?a.Consider only the program's costs, as benefits are difficult to quantify.b.Focus on the number of employees who participated in the program.c.Analyze the program's effectiveness by evaluating whether it achieved its objectives and delivered economic value.d.Measure the program's success solely based on employee feedback.Clear my choice

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Solution

The best approach for HR to assess the success of the training program in terms of its economic value would be to "Analyze the program's effectiveness by evaluating whether it achieved its objectives and delivered economic value." This approach allows HR to consider both the costs and benefits of the program, rather than focusing solely on costs or participation rates. It also goes beyond just collecting employee feedback, by looking at whether the program actually achieved its intended outcomes and provided value to the company.

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